Articles Written by:    GARY WEISS     

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Gary Weiss is an American investigative journalist, columnist and author of two books that critically examine the ethics and morality of Wall Street.

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Lesson from Madoff: Liars Can Thwart an SEC Investigation

The 536 exhibits released by the SEC Inspector General late Friday on Bernie Madoff don't seem to contain any explosive new revelations, but underscore an essential point about SEC investigations: if you are the target of a probe, just lie, again and ...

From GARY WEISS, ETF Investor,  2 Nov 2009
Related Topics: Overstock.com, Inc.,  Patrick Byrne

Bernie Madoff Speaks (and Lies) While Arthur Levitt's Memory Fails Him

Notes of Bernie Madoff's interview with the SEC inspector general were released on Friday, and they make fascinating reading--as long as you keep in mind that Madoff was lying through his teeth, primarily to protect people. Here's the SEC exhibits ...

From GARY WEISS, ETF Investor,  2 Nov 2009
Related Topics: Frank DiPascali,  Bernard Madoff

If Zelnick Had Bought BusinessWeek

It's still unclear how many former BusinessWeek editors will be hired by Bloomberg L.P., but one thing is increasingly clear: it could have been a hell of a lot worse. Peter Kafka describes the nightmare scenario: a purchase by private equity ...

From GARY WEISS, Seeking Alpha,  2 Nov 2009
Related Topics: Thomson Reuters

McGraw Hill Is/Is Not Leaning Toward Bloomberg

Continuing the maddeningly inconsistent coverage of the sale of BusinessWeek, Reuters reported that McGraw-Hill (MHP) is "leaning heavily" toward selling BusinessWeek to Bloomberg. Meanwhile, Keith Kelly reports in the New York Post that all is quiet ...

From GARY WEISS, Seeking Alpha,  30 Sep 2009
Related Topics: New York Post,  Norman Pearlstine

Flash frenzy

F or people who rarely get out of the office, Wall Streeters whine a lot these days about “level playing fields.” Leave us alone, they say, keep the government out of our business, let us do our own job of keeping the markets “fair and efficient” all by ...

From GARY WEISS, Globe and Mail,  24 Sep 2009
Related Topics: Wall Street Journal,  Goldman Sachs,  Securities and Exchange Commission,  Mary Schapiro

Did BusinessWeek Lose Touch With its Readers?

My old colleague Bruce Nussbaum, BusinessWeek's innovation guru, has an interesting blog post that is pretty much a first: a current BW staffer publicly engaging in soul-searching about the magazine's troubles, rather than just blaming it on the ...

From GARY WEISS, Seeking Alpha,  21 Sep 2009
Related Topics: Jon Fine

Another Slaughter at BusinessWeek?

I've chronicled in this blog how my alma mater BusinessWeek has been decimated in recent years, with layoffs that have ousted its most experienced writers and editors. That, combined with an ill-conceived redesign and other missteps, has hurt the ...

From GARY WEISS, ETF Investor,  16 Sep 2009
Related Topics: Jon Fine,  Wall Street Journal,  Bruce Wasserstein

The BusinessWeek Suitor-Numbers Game

Bloomberg reported the surprising news that BusinessWeek was drawing the interest of 93 potential buyers. The basis was a televised interview with the CEO, Terry McGraw. Paid Content immediately tossed cold water on that, and Business Insider weighed ...

From GARY WEISS, ETF Investor,  10 Sep 2009

Would Wasserstein Be Good for BusinessWeek?

If I were a betting man (and mind you, I suck at betting), my guess would be that Bruce Wasserstein will buy BusinessWeek. That seems to be the conventional wisdom (see here and here), and I agree. BW's Jon Fine even says, in an casual reference in his ...

From GARY WEISS, Seeking Alpha,  23 Aug 2009
Related Topics: Bruce Wasserstein,  Jon Fine,  Fast Company,  Wall Street Journal,  Lazard LTD.

The Problem with Jailing Bernie Madoff's Rat

Judge Richard Sullivan is taking a big risk by refusing to release Frank DiPascali, the Bernie Madoff CFO who has become a cooperating witness. Not a personal risk. Oh no. It's a low-risk move from the CYA perspective. Had Sullivan released DiPascali, ...

From GARY WEISS, ETF Investor,  13 Aug 2009

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